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Oracle President Mark Hurd, speaking to partners on Sunday and customers on Monday, said that big data will be one of the key trends going forward.

Hurd said that the 9 billion devices connected to the Internet will grow to 50 billion by 2020. He also said the average legacy application today is about 19 years old, built pre-Internet and pre-mobile phone. "[We] built this pre-everything we do today," he said.

On the average, business customers are seeing their data grow 40 percent per year, Hurd said. And, on the average, they're spending $7,500 to $9,000 per terabyte to manage that data. For a bank with 1,000 TBs of data, that means an annual cost of $700 million to handle that management.

Hurd said there has to be a better way to manage that data. "At the core, that's what we're focused on," he said. "The efficiency message. The innovation message."